PM Modi: Govt liberalised FDI to enhance flow of foreign investment

Prime
Minister Narendra Modi, on 6 October, addressed the audience at
Indo-German Summit 'Digitising Tomorrow' organised by Fraunhofer
India and NASSCOM in Benagaluru. During the speech PM said that the
government's decision to liberalise FDI has made a positive impact on
private investment and foreign money
inflow.

"The
sentiment of private investment and inflow of foreign investment has
turned positive. To enhance the flow of foreign investments we have
liberalized the FDI regime," said Prime Minister Modi.

"We
are aware that domestic financial resources are not sufficient to
meet our needs, therefore we need the flow of foreign investments. We
are keen to build futuristic infrastructure. We are setting up an
India Investment and Infrastructure Fund of Rs 20,000 crores (2.57
billion Euros) from our own resources," he added.

Talking
about the 'Make in India' campaign, he said that never before was
India so well prepared to absorb talent, technology & investment
from outside and that the nation is on the threshold of a big IT
revolution, where technology will be leveraged to meet the
aspirations of 1.25 billion citizens.

He
added that in last 15 months the government has worked hard to make
India a favorable place to set up business.

"We
need to provide a huge push to manufacturing, that's why we launched
'Make In India'," he added.

Pushing
his initiative, he further said that it makes strong business sense
to be in India, and even better sense to 'Make in India'.